Material Management

Material Management Q1.What is the need for International Purchase? Discuss the procedure and problems in International Purchase. Q2.Differentiate between independent and dependent demand inventory. Dependent demand inventory items do not need to be forecast. Why not? Explain with the help of examples? Q3.If you reduce WIP then you expose many organizational bottlenecks." Comment on this statement. Also, state the reasons for your agreement/disagreement.

Q4.Explain how a performance appraisal system can be used in the context of materials management. What are the metrics of performance appraisal in materials management? Q5.What is the scope of materials management? Define the various roles of materials management in the context of internal and external interfaces to a materials management system. Q6.Why is negotiation an important aspect of purchasing? Describe the elements and objectives of negotiation. Also discuss the negotiation process and techniques.

Q7.Discuss the various losses in warehouses. What are the reasons of their generation? Discuss the procedure of preventing and controlling losses in a warehouse. Q8.What are the measures you recommend to maintain inventory security in stores? Discuss in brief the problems and their remedies in case of valuation of finished goods and work-in-process inventory.